Old Dominion Freight Line, Inc. Non-Employee Director Compensation Structure, effective as of the 2024 Annual Meeting of Shareholders
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EX-10.18(16) 2 odfl-ex10_1816.htm EX-10.18(16) EX-10.18(16)
Exhibit 10.18(16)
OLD DOMINION FREIGHT LINE, INC.
NON-EMPLOYEE DIRECTOR COMPENSATION STRUCTURE
EFFECTIVE AS OF THE 2024 ANNUAL MEETING OF SHAREHOLDERS
|
| Annual Cash |
|
|
| Annual Restricted |
| ||
Director Role |
| Retainer |
|
|
| Stock Grant Amount |
| ||
Member (all non-employee directors) |
| $ | 110,000 |
|
|
| $ | 165,000 |
|
Lead Independent Director |
| 25,000 |
| (1) |
|
| — |
| |
Audit Committee Chair |
| 25,000 |
| (1) |
|
| — |
| |
Compensation Committee Chair |
| 20,000 |
| (1) |
|
| — |
| |
Governance and Nomination Committee Chair |
| 20,000 |
| (1) |
|
| — |
| |
Risk Committee Chair |
| 20,000 |
| (1)(2) |
|
| — |
| |
(1)
Each non-employee Chair of a Board Committee and the Lead Independent Director receives this annual retainer in addition to the $110,000 annual cash retainer paid to all non-employee directors.
(2)
This change was effective as of May 17, 2023.
